Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

Packaged Karbonn Mobiles India Pvt. Ltd. smartphones are displayed on the shelves of a multi-brand smartphone store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Karbonn and Micromax Informatics Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Packaged Karbonn Mobiles India Pvt. Ltd. smartphones are displayed on the shelves of a multi-brand smartphone store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Karbonn and Micromax Informatics Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

The MicroMax Informatics Ltd. logo is displayed on a employee's shirt at the company's store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

The MicroMax Informatics Ltd. logo is displayed on a employee's shirt at the company's store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

A MicroMax Informatics Ltd. employee demonstrates a smartphone at the company's store in New Delhi, India, on Tuesday, April 9, 201. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

A MicroMax Informatics Ltd. employee demonstrates a smartphone at the company's store in New Delhi, India, on Tuesday, April 9, 201. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

A packaged Micromax Informatics Ltd. smartphone is displayed in a shop window at a wholesale smartphone outlet at Gaffar Market in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

A packaged Micromax Informatics Ltd. smartphone is displayed in a shop window at a wholesale smartphone outlet at Gaffar Market in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

A packaged Karbonn Mobiles India Pvt. Ltd. S1 Titanium smartphone is held for a photograph by an employee at a wholesale smartphone outlet at Gaffar Market in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Karbonn and Micromax Informatics Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

A packaged Karbonn Mobiles India Pvt. Ltd. S1 Titanium smartphone is held for a photograph by an employee at a wholesale smartphone outlet at Gaffar Market in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Karbonn and Micromax Informatics Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

Packaged Karbonn Mobiles India Pvt. Ltd. smartphones are displayed on the shelves of a multi-brand smartphone store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Karbonn and Micromax Informatics Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Packaged Karbonn Mobiles India Pvt. Ltd. smartphones are displayed on the shelves of a multi-brand smartphone store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Karbonn and Micromax Informatics Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

A MicroMax Informatics Ltd. logo is displayed on a store window reflecting Samsung Electronics Co. and Research In Motion Ltd. Blackberry logos from across the street in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

A MicroMax Informatics Ltd. logo is displayed on a store window reflecting Samsung Electronics Co. and Research In Motion Ltd. Blackberry logos from across the street in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

A MicroMax Informatics Ltd. employee demonstrates a smartphone to a customer at the company's store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

A MicroMax Informatics Ltd. employee demonstrates a smartphone to a customer at the company's store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

Apple Outpaced in Surging India by Less-Costly Smartphones

Bloomberg

A customer tests a smartphone at the MicroMax Informatics Ltd. store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

A customer tests a smartphone at the MicroMax Informatics Ltd. store in New Delhi, India, on Tuesday, April 9, 2013. Apple Inc. and Samsung Electronics Co. are being outpaced in the fast-growing Indian smartphone market by aggressive local competitors Micromax and Karbonn Mobiles India Pvt. Ltd. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images